Cryptocurrency exchange Gemini has divested its UK and EU operations to the payment company KAST, which specializes in stablecoins. The transaction, valued at under $10 million, has not been officially confirmed by either party. Earlier this year, Gemini announced its exit from the European and Australian markets and a workforce reduction of about 25% as part of cost-cutting measures. KAST's interest in the acquisition is believed to be driven by the regulatory approvals that come with Gemini's operations.